emily: peter elstrom in tokyo, thanks so much for that update. has the potential to achieve a $1 trillion market cap. it could surpass that over the next 12 to 18 months. he joins me in the studio with his new call. how much of this is related to the iphone? how much of it is the expectations of potential cash coming back from overseas? >> their two things that will get you there. what is the iphone and the other is to continue the buyback program. nothing to do with the $1 trillion roadmap from our perspective. emily: can the iphone 8 disappoint? if so, how? is it possible? >> maybe two ways. expectations are very high. these are even more lofty than for the iphone 6. the second is if it is priced at $1000, are there that many buyers? those are two things to watch for. emily: global smartphone growth is not looking great. they're forecasting 4.2% growth from last you to this year. do you think the iphone can beat that? >> we think it does. 750 millionut a base. we think the upside with the iphone is driven by the install asp turning over and the

.: i am angie daivd: i am peter elstrom i am david ingles.loomberg markets: asia." ♪ at least 19 concertgoers killed in the blast in manchester. anti-terror officers holding talks in london. as investorsd day consider the latest from washington could reports say trump wanted confirmation there was no collusion with russia. tradingoble asks for a halt after plunging to an all-time low. s&p warns it could default within months. daivd: hong kong stock fortunes are tied to tencent like never before. right, when you look across markets, this tuesday's session, a cloud over events in london. gmm ,ook at my have a look at all markets, flat. japanese yen, flat and has given up most earlier strength. the bid we aret getting as far as the bond markets are

ahlstrom --in peter peter elstrom. what is going on at the moment?hiba has had deep financial problems because of troubles in their westinghouse nuclear business. the are trying to sell off chips business to fill the blackhole they have had with they are trying to figure out what they will do with that westinghouse unit. over the weekend, southern agreeing to take control from toshiba, which limit some liabilities toshiba may have. at the same time, their partner , westernips unit digital, is filing for arbitration to slow down the sale. rishaad: they want a say in terms of who it will be sold to. at the end of the day, it is perfectly valid as a request if you are a partner. >> the point toshiba would make is that western digital was not the original partner in that joint venture. they became a partner because they bought sandisk. any consentnot have rights over the sale, so toshiba is saying you cannot argue for rights we never got in the first place. they said in the contract it is clear there are no consent rights either way. haidi: these numbers

our managing editor for technology, peter elstrom. war on terrorism is not a fight between different faiths . he spoke during his inaugural foreign trip. trump told leaders our white house correspondent has been traveling with the president. >> president trump means business. in his first foreign trip to saudi arabia as heart of the president's first international trip, the president announced a multibillion-dollar deal with s, including a $109 billion defense deal. he said the deal will help the united states and saudi arabia defeat terrorism. the president delivered a conciliatory tone different than the one he delivered on the campaign trail. he said the battle against terrorism was one against "good versus evil" and called on leaders of all muslim nations to work together to defeat terrorism. he also criticized iran, accompanied by members of his family including the first lady, the first author, and senior administration officials, president trump received a warm welcome from the king and the saudis. he will travel to israel to m

phuc speaking exclusively to bloomberg's chief international correspondent for southeast asia peter elstromtory to washington. we will speak with phil falconi, making a come back with his investment in the vietnam. that interview is at 1:00 a.m. in hong kong. presidentancisco fed says he sees a far smaller balance sheet, but the reduction will be done line may be steps. we hear more from john williams next. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i am haidi lun in sydney. bmw is seeking compensation from bosch for shortages that have caused shortages in germany, china, and south africa, caused by a bottleneck by a company that supplies casings for an electronic steering system. it is the latest blow for a parts maker already under fire role in emissions cheating scandals. warren buffett has bought a 3% stake in the german chemical company, the stock rising 7%, and berkshire hathaway became one of the company's top six nxess.olders for la a chinese farm in a interested in buying the body shop put up for auction by l'oreal with a price tag of more than $4 billion. andbr